Leased Two-Unit
For Sale
$199,900
439 29th Place, Tuscaloosa, AL 35401
DUPLEX - Other - Tuscaloosa, AL
Property Size1,800 SF
Lot Size0.16 Acres
Price / SF$111.06
Days on Market47
Property Features for 439 29th Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3
Parking features
Driveway
Interior features
BreakfastArea
Appliances
ElectricWaterHeater, WaterHeater
Subdivision
University Manor
Elementary school
Skyland
Middle school
Eastwood
High school
Bryant
Directions
Head north on Greensboro Avenue (US-82/US-11) toward downtown Tuscaloosa, Greensboro Avenue for approximately 2.5 miles, turn right onto 29th Street, turn left onto 4th Avenue East, turn right onto 29th Place, 439 29th Place will be on your right
Standard status
Active
APN
31-07-36-2-002-003.000
Size
1,800 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Lot 42 In University Manor Subd
Legal Description
Lot 42 In University Manor Subd
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
2
Building materials
Brick
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
RE101-Real Estate
(205) 469-6084
Listed By:
Latonya Bobo
(205) 317-6732
Added: Jun 15
Changed: Jul 30
Last Checked: Jul 31 at 7:06PM
MLS# 175507
Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two tenant-occupied units, each arranged as a functional two-story layout. Each unit offers two bedrooms and 1.5 bathrooms. On the main level, you’ll find the living area, kitchen, laundry room, and a half bath. Upstairs, both bedrooms are located along with a full bathroom. The property is described as having two distinct units under current tenancy.
The property is located at 439 29th Place in Tuscaloosa, AL 35401, in the Tuscaloosa area near downtown Tuscaloosa and Greensboro Avenue. The location is positioned for convenient access to shopping, dining, entertainment, and major roadways.
For investors or owner-operators, the key consideration is that the sale is subject to existing leases. The units are currently tenant-occupied, with leases in place through 2027, providing established rental income under the terms of those agreements. Additional lease information is available upon request, and showings can be scheduled accordingly.
The property is located at 439 29th Place in Tuscaloosa, AL 35401, in the Tuscaloosa area near downtown Tuscaloosa and Greensboro Avenue. The location is positioned for convenient access to shopping, dining, entertainment, and major roadways.
For investors or owner-operators, the key consideration is that the sale is subject to existing leases. The units are currently tenant-occupied, with leases in place through 2027, providing established rental income under the terms of those agreements. Additional lease information is available upon request, and showings can be scheduled accordingly.
Key Highlights
- Duplex with two tenant‑occupied units, each with 2 bedrooms and 1.5 bathrooms
- Leases in place through 2027; property sold subject to existing leases
- Two‑story layout: main level has living area, kitchen, laundry room, and half bath; upstairs has both bedrooms and a full bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $13.80 |
| − Vacancy | −$1.6k | −$0.90 |
| EGI | $23.2k | $12.90 |
| − OpEx | −$7.0k | −$3.87 |
| NOI | $16.3k | $9.03 |
1,800 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.3K
$203.2K – $271.0K
NOI $16,258 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$208.5K
$182.5K – $243.3K
NOI $14,598 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 35401, AL
41,852
Population
19,517
Households
2.1
Avg Household Size
26
Median Age
27%
College-Educated
85%
High-School Grad
40.1 sq mi
ZIP Area
1,044
Density / Sq Mi
$30,031
Median Household Income
$13,041
Median Earnings
$911
Median Rent
$141,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with tenant-occupied two-story layouts and leases in place through 2027.
Where is this duplex located?
The property is located at 439 29th Place Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Duplex with two tenant‑occupied units, each with 2 bedrooms and 1.5 bathrooms; Leases in place through 2027; property sold subject to existing leases; Two‑story layout: main level has living area, kitchen, laundry room, and half bath; upstairs has both bedrooms and a full bath
